Albert Park, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Albert Park
VICCensus 2021 · Population 6,041
Albert Park is a suburb with a population of 6,041, characterized by a median age of 46, which is higher than the Victorian average of 38. The gender distribution is fairly balanced with 47.4% male and 52.6% female residents. The suburb is home to a significant number of families, with 44.1% being couples with children and 41.8% couples without children. Single-person households make up 33.1% of the community. Education levels are notably high, with 50% of residents holding a bachelor's degree or higher, compared to the Victorian average of 29.2%.
Key Highlights
- Highly educated population - 50% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2,533 weekly (vs VIC $1,759)
- Low unemployment rate - 3.4% (vs VIC 5.0%)
- Significant work-from-home culture - 47.4% (vs VIC 25.7%)
- Diverse housing options with 62% townhouses and 18.6% apartments
Things to Consider
- Higher median age of 46 may not appeal to younger demographics
- High property costs with median monthly mortgage at $3,500
- Limited separate houses - only 18.8% compared to VIC 73.4%
- High percentage of rented properties at 36.9%
- Public transport usage is low at 4.1%
What's it like living here?
Daily life in Albert Park is influenced by its proximity to the city and the high percentage of residents working from home, at 47.4%, which is significantly above the Victorian average of 25.7%. The suburb has a strong professional presence, with 38.5% of the workforce employed in professional occupations. The community feel is enhanced by the diverse cultural background, with 30.2% of residents born overseas and a variety of languages spoken at home.